Who buys a 10.000€ handbag?

Every now and then I walk around in downtown Milan for some serious window shopping. It’s fun because the things on display are often outrageous both in design and price. It’s also entertaining to look at the people who are genuinely interested in luxury and high fashion – and actually able to buy it. You also get a reminder of how important the luxury and fashion business is for Italy.

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Where to expect blood if low oil prices are here to stay?

Unless you’ve been living on a desert island for the past 12 months you’ve heard a lot of talk about falling oil prices. Since summer 2014 the drop has been significant and nobody knows how this will continue. If oil prices remain low for a long period, it’s clear that many countries dependent on oil exports will hurt. In some countries you might even see civil unrest and outright chaos. 

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To hike or not to hike and why should you care?

Next week the Fed will decide whether or not to hike rates for the first time since June 2006. Polls by Reuters and Bloomberg show that the vast majority of market participants expect a rate hike. Any remaining doubt was erased by the positive jobs numbers a week ago. But every time there's a strong consensus about something, there's a chance for a big surprise.

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Homage to Christmas Lights of Brera

I'm sure you've encountered them as well. You know, people who are compelled to always turn positive things into negative. Take for example the decision by Mark Zuckerberg and Priscilla Chan to donate 99% of their shares in Facebook to the cause of human advancement. It didn't take many hours before the first negative editorials and blog posts emerged. I don't know what has to happen in order for these pessimists to be happy!?

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Never take Freedom of Inquiry and Free Speech for granted

I had planned that my first blog post on this site should probably cover some easy-going topic, like where to enjoy that perfect glass of Chianti in Milan. Then two news items hit me, one from Saudi-Arabia and the other from Turkey. I thought – here I am, and I could basically write about anything without being afraid of the consequences. But that's not the case everywhere and I wanted to remind myself that freedom of inquiry and free speech should never be taken for granted.

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